Latest Trade execution News: Finextra Research

ICE agrees $650m Trayport acquisition

Intercontinental Exchange (ICE) is buying Trayport, a trading technology firm focused on the European energy markets, from BGC Partners for $650 million in stock.

16 November 2015

News/Trade execution

Overstock explores spin off of cryptotrading unit

Online retailer Overstock is preparing to split off its blockchain trading subsidiary Medici, after revealing that it spent $8 million on the business this year, pushing the company into the red for the first time in nine successive quarters.

13 November 2015

News/Trade execution

Tullett Prebon to acquire Icap's hybrid voice broking and information assets

Tullett Prebon is to acquire Icap's hybrid voice broking and information businesses for about £1.1 billion in a reverse takeover deal.

11 November 2015

News/Trade execution

Ousted ITG CEO seeks $13m

ITG's former chief executive, Robert Gasser, is seeking $13 million from the execution broker three months after being forced out over a dark pool scandal.

10 November 2015

News/Trade execution

Pressure builds to delay MiFID II reforms

Pressure is mounting on the European Commission to postpone the implementation of securities market reforms under MiFID II by a year, as banks and brokers struggle to adapt their IT systems to meet the 2017 timetable.

10 November 2015

News/Trade execution

Deutsche Bourse and Markit lend backing to capital markets fintech fund Illuminate

Illuminate Financial, a fintech venture fund for the capital markets industry, has closed its first round of capital raising with the support of Deutsche Börse and Markit.

09 November 2015

News/Trade execution

Thomson Reuters brings FX transaction venues onto single desktop

Thomson Reuters has put all of its foreign exchange transaction venues onto one platform in a move it says creates a single point of access to the largest collective independent pool of FX liquidity.

09 November 2015

News/Trade execution

Scot faces 25-year jail term over alleged stock manipulation tweets

A Scottish citizen who allegedly tweeted false information about publicly traded companies causing over a million dollars of losses has been indicted for securities fraud by a federal grand jury in San Francisco.

06 November 2015

News/Trade execution

Deutsche Börse in Chinese exchange tie-ups

Frankfurt has taken the upper hand in its battle with London to connect to China's capital markets following the announcement of two joint ventures that will link the respective exchanges of Germany and China.

29 October 2015

News/Trade execution

Fintech qualification programme launches

A new certification programme claims to be the first global qualification exclusively for technologists working within financial institutions.

28 October 2015

News/Trade execution

Nasdaq signs first clients to blockchain-based platform

Nasdaq has signed up the first batch of clients for its new blockchain-enabled platform for trading shares in private companies.

27 October 2015

News/Trade execution

ICE to buy Interactive Data for $5.2bn

Intercontinental Exchange (ICE) has agreed to buy Interactive Data Corporation (IDC) from its private equity owners for $5.2 billion in cash and stock.

26 October 2015

News/Trade execution

Nasdaq targets private company trading through SecondMarket acquisition

Nasdaq has bolstered its Private Markets business through the acquisition of SecondMarket Solutions, which facilitates trading of shares in private companies. Terms of the deal were not disclosed.

22 October 2015

News/Trade execution

FS firms told to prepare for avalanche of IoT data

Financial services firms should begin planning for the avalanche of new data that will hit them through the rise of the Internet of Things (IoT), which, if used correctly, could bring huge benefits to the industry, according to a Deloitte University Press report.

16 October 2015

News/Trade execution

UK government invests £10m in distributed ledger technology research

The UK government is pumping another £10 million into fintech research as it explores the opportunities presented by the distributed ledger technology behind bitcoin.

14 October 2015

News/Trade execution

FIX sets up blockchain Working Group; SETL busts 1billion transactions per day

The FIX Trading Community has set up a Working Group to focus on the use of digital currency and blockchain initiatives in the capital markets industry.

12 October 2015

News/Trade execution

Australian PM pushes retail BookBuild app

A new mobile app which gives retail investors free access to IPOs and private placements on the Australian Stock Exchange has been launched by local startup OnMarket BookBuilds, under the watchful eye of the country's Prime Minister Malcolm Turnbull, who conducted the first transaction using the system.

09 October 2015

News/Trade execution

Clinton plans HFT tax

Hillary Clinton has vowed to impose a high-frequency trading tax as part of a Wall Street reform package if she becomes president.

08 October 2015

News/Trade execution

Symphony strikes a chord with Google Alphabet

Google Alphabet is to participate in a new round of funding for bank-backed messaging platform Symphony, valuing the startup at $650 million.

06 October 2015

News/Trade execution

Winklevoss twins get NYDFS charter for bitcoin exchange

The Winklevoss twins have launched their Gemini bitcoin exchange after receiving a charter from the New York Department of Financial services (NYDFS).

05 October 2015